Investors in State of Revulsion
Every asset has undergone a chilling crash over the past few months... have we as investors hit a state of revulsion (CNBC: Are We Revulsed Yet?) when we stuff cash into mattresses?
The reality is investors are hoarding cash and forming funds to start bottom feeding. Which asset? Gold? Perhaps, if the dollar starts getting crushed from the huge government debtload, but that hasn't happened yet. Stocks? There's tangible risk that a global recession will be long and hard. Real estate? As an asset class in oversupply, there's cherry picking potential.
Wait until the markets stabilize. They eventually do. At least one of these asset classes will breakthrough.
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